Powerboat Industry is Powering Back to Life

Posted Friday, Aug 26, 2011 by Allen B. Ury

The powerboat industry, which had all but run aground during the Great Recession, is once again revving back to life, according to a recent report published by CNBC.com.* After plunging to less than half of its pre-2007 levels last year, powerboat sales are now on the upswing, according to the report.

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Last winter’s boat shows had attendance increases of 50 to 75 percent compared to 2010.

The greatest sales activity has been at the extreme ends of the spectrum, with both inexpensive pleasure boats and high-end yachts enjoying the most activity. Boats in the market’s middle — $100,000 to $300,000 — continue to suffer from a general lack of consumer interest.

There are still bargains to be had, with average prices down 12 to 16 percent from its highs three to four years ago.

Many experts expect the industry to recover completely in about two years.

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About the Daytona Beach Campus

Since 1972, WyoTech’s Daytona Beach campus** has trained thousands of men and women to begin successful careers in the marine and motorcycle industries. The school’s modern campus features 100,000 square feet of shop space plus classrooms and is situated just blocks from one of the world’s most celebrated beaches. WyoTech’s instructors are all seasoned industry professionals who are eager to help their students find a new path to career success and satisfaction.
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Financial aid is available for those who qualify.

For more information about our graduation rates, the median debt of students who completed the program, and other important information, please visit our website at www.wyotech.edu/disclosures.